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PUBLISHER: IMARC | PRODUCT CODE: 1370566
PUBLISHER: IMARC | PRODUCT CODE: 1370566
CBD Skin Care Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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PAGES: 148 Pages
DELIVERY TIME: 2-3 business days
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Abstract
Market Overview:
The global CBD skin care market size reached US$ 1.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.3 Billion by 2028, exhibiting a growth rate (CAGR) of 21% during 2023-2028.
Cannabidiol (CBD) is a natural compound found in Cannabis sativa plants, which includes marijuana and hemp plants. It is extracted in the form of powder and is usually used for various skin care purposes. It is commonly mixed with oils, including coconut, olive, or hemp oil, to increase the effectiveness of CBD in varied applications. The skincare and personal care products infused with CBD possess various beneficial skin-soothing, relaxing, anti-anxiety, pain-relieving, anti-inflammatory, hydrating, and antioxidant properties that aid in treating dry skin and certain inflammatory skin disorders. These products also help in enhancing sleep patterns and managing skin diseases such as psoriasis, eczema, and pimples.
CBD Skin Care Market Trends:
Growing awareness among the masses about the benefits of CBD skin care products across the globe is creating a positive outlook for the market. CBD products are widely used among consumers with dermatological disorders, such as sensitivity, inflammation, acne, and dryness. In line with this, the strong inflammatory properties of CBD help lower the life span of breakouts and eczema flare-ups while promoting the skin's natural healing process, which, in turn, is favoring the market growth. Additionally, the legalization of cannabis for medical and recreational purposes is acting as another growth-inducing factor. Apart from this, the growing focus on minimizing production costs and introducing sustainable methods for the development of CBD skin care products to ensure optimum and judicious use of resources is providing an impetus to the market growth. Moreover, the widespread product utilization, as it helps in the proper functioning of the endocannabinoid system responsible for balancing various crucial functions of the skin, including oil production and melanocyte production, is positively influencing the market growth. Besides this, the rising expenditure capacities of consumers and surging funding from various governments to expand the future growth of CBD skin care are supporting the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global CBD skin care market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, source, price range and distribution channel.
Breakup by Product Type:
Oils
Lotion and Creams
Masks and Serums
Bath and Soaps
Others
Breakup by Source:
Hemp
Marijuana
Breakup by Price Range:
Economic
Premium
Breakup by Distribution Channel:
Hypermarkets and Supermarkets
Departmental Stores
Online Stores
Retail Pharmacies
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Aurora Cannabis Inc., Cannuka LLC, Canopy Growth Corporation, Curaleaf Holdings Inc., Dixie Brands Inc., Earthly Body, Elixinol Wellness Limited, High Tide Inc., Kapu Maku LLC (Populum), Kiehl's LLC (L'Oreal S.A.), Lord Jones, Medical Marijuana Inc. and Myaderm.
Key Questions Answered in This Report:
- How has the global CBD skin care market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global CBD skin care market?
- What are the key regional markets?
- What is the breakup of the market based on the product type?
- What is the breakup of the market based on the source?
- What is the breakup of the market based on the price range?
- What is the breakup of the market based on the distribution channel?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global CBD skin care market and who are the key players?
- What is the degree of competition in the industry?
Product Code: SR112023A6508
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global CBD Skin Care Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Product Type
- 6.1 Oils
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Lotion and Creams
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Masks and Serums
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Bath and Soaps
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Others
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
7 Market Breakup by Source
- 7.1 Hemp
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Marijuana
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Price Range
- 8.1 Economic
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Premium
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
9 Market Breakup by Distribution Channel
- 9.1 Hypermarkets and Supermarkets
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Departmental Stores
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Online Stores
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Retail Pharmacies
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
- 9.5 Others
- 9.5.1 Market Trends
- 9.5.2 Market Forecast
10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.1.1 United States
- 10.2 Asia-Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.2.1 China
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.3.1 Germany
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.4.1 Brazil
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 Aurora Cannabis Inc.
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.1.3 Financials
- 15.3.2 Cannuka LLC
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.3 Canopy Growth Corporation
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.3.3 Financials
- 15.3.4 Curaleaf Holdings Inc.
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.5 Dixie Brands Inc.
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.6 Earthly Body
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.7 Elixinol Wellness Limited
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.7.3 Financials
- 15.3.8 High Tide Inc.
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.8.3 Financials
- 15.3.9 Kapu Maku LLC (Populum)
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.10 Kiehl's LLC (L'Oreal S.A.)
- 15.3.10.1 Company Overview
- 15.3.10.2 Product Portfolio
- 15.3.11 Lord Jones
- 15.3.11.1 Company Overview
- 15.3.11.2 Product Portfolio
- 15.3.12 Medical Marijuana Inc.
- 15.3.12.1 Company Overview
- 15.3.12.2 Product Portfolio
- 15.3.12.3 Financials
- 15.3.13 Myaderm
- 15.3.13.1 Company Overview
- 15.3.13.2 Product Portfolio
- 15.3.1 Aurora Cannabis Inc.
Product Code: SR112023A6508
List of Figures
- Figure 1: Global: CBD Skin Care Market: Major Drivers and Challenges
- Figure 2: Global: CBD Skin Care Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: CBD Skin Care Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: CBD Skin Care Market: Breakup by Product Type (in %), 2022
- Figure 5: Global: CBD Skin Care Market: Breakup by Source (in %), 2022
- Figure 6: Global: CBD Skin Care Market: Breakup by Price Range (in %), 2022
- Figure 7: Global: CBD Skin Care Market: Breakup by Distribution Channel (in %), 2022
- Figure 8: Global: CBD Skin Care Market: Breakup by Region (in %), 2022
- Figure 9: Global: CBD Skin Care (Oils) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 10: Global: CBD Skin Care (Oils) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 11: Global: CBD Skin Care (Lotion and Creams) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 12: Global: CBD Skin Care (Lotion and Creams) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 13: Global: CBD Skin Care (Masks and Serums) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: CBD Skin Care (Masks and Serums) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: Global: CBD Skin Care (Bath and Soaps) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 16: Global: CBD Skin Care (Bath and Soaps) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 17: Global: CBD Skin Care (Other Product Types) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 18: Global: CBD Skin Care (Other Product Types) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 19: Global: CBD Skin Care (Hemp) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 20: Global: CBD Skin Care (Hemp) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 21: Global: CBD Skin Care (Marijuana) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 22: Global: CBD Skin Care (Marijuana) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 23: Global: CBD Skin Care (Economic) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: Global: CBD Skin Care (Economic) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: Global: CBD Skin Care (Premium) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: Global: CBD Skin Care (Premium) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: Global: CBD Skin Care (Hypermarkets and Supermarkets) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: Global: CBD Skin Care (Hypermarkets and Supermarkets) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: Global: CBD Skin Care (Departmental Stores) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 30: Global: CBD Skin Care (Departmental Stores) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 31: Global: CBD Skin Care (Online Stores) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 32: Global: CBD Skin Care (Online Stores) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 33: Global: CBD Skin Care (Retail Pharmacies) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: Global: CBD Skin Care (Retail Pharmacies) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: Global: CBD Skin Care (Other Distribution Channels) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: Global: CBD Skin Care (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: North America: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: North America: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: United States: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: United States: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: Canada: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: Canada: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: Asia-Pacific: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: Asia-Pacific: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: China: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: China: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: Japan: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
- Figure 48: Japan: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 49: India: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
- Figure 50: India: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 51: South Korea: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
- Figure 52: South Korea: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 53: Australia: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
- Figure 54: Australia: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 55: Indonesia: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
- Figure 56: Indonesia: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 57: Others: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
- Figure 58: Others: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 59: Europe: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
- Figure 60: Europe: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 61: Germany: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
- Figure 62: Germany: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 63: France: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
- Figure 64: France: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 65: United Kingdom: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
- Figure 66: United Kingdom: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 67: Italy: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
- Figure 68: Italy: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 69: Spain: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
- Figure 70: Spain: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 71: Russia: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
- Figure 72: Russia: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 73: Others: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
- Figure 74: Others: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 75: Latin America: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
- Figure 76: Latin America: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 77: Brazil: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
- Figure 78: Brazil: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 79: Mexico: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
- Figure 80: Mexico: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 81: Others: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
- Figure 82: Others: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 83: Middle East and Africa: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
- Figure 84: Middle East and Africa: CBD Skin Care Market: Breakup by Country (in %), 2022
- Figure 85: Middle East and Africa: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 86: Global: CBD Skin Care Industry: SWOT Analysis
- Figure 87: Global: CBD Skin Care Industry: Value Chain Analysis
- Figure 88: Global: CBD Skin Care Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: CBD Skin Care Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: CBD Skin Care Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
- Table 3: Global: CBD Skin Care Market Forecast: Breakup by Source (in Million US$), 2023-2028
- Table 4: Global: CBD Skin Care Market Forecast: Breakup by Price Range (in Million US$), 2023-2028
- Table 5: Global: CBD Skin Care Market Forecast: Breakup by Distribution Channel (in Million US$), 2023-2028
- Table 6: Global: CBD Skin Care Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 7: Global: CBD Skin Care Market: Competitive Structure
- Table 8: Global: CBD Skin Care Market: Key Players
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